SAUDI ARABIA TO HOST DIGITAL TECHNOLOGY FORUM IN OCTOBER 18

Last Updated on November 9, 2023 by Ameer Hamza

Both regional and international professionals are expected to gather in Riyadh to discuss recent developments and emerging trends in the software industry as Saudi Arabia embarks on its digital transformation journey.

The Kingdom’s Communications, Space, and Technology Commission will co-host the Digital Technology Forum with the Ministry of Communications and Information Technology on October 18th.

The Journey Of Digital Transformation And The Agenda 2030

The third iteration of the event, with the topic “Pioneering Software for a Prosperous Digital Economy,” takes place at the same time as Saudi Arabia is working to diversify its economy in line with the Vision 2030 plan.

Abdullah Al-Swaha, Saudi Arabia’s Minister of Communications and Information Technology and Chairman of the CSTC Board of Directors will serve as the event’s patron.

Investigating the Software Market and the Digital Revolution

The forum will examine the impact of the software market on the growth of the digital economy and the prospects for software in Saudi Arabia.

The forum’s focus will be on methods for enhancing the effectiveness of the Kingdom’s digital infrastructure. Additionally, it will highlight significant software market prospects and how they affect the advancement of digital transformation.

Experts will evaluate business strategies that promote the integration of software into the digital economy, support initiatives for the software market, and significant upcoming technologies throughout the panel talks.

New Competitions, Initiatives, and Programs

Several new programs, projects, and competitions will be introduced at this year’s event; specifics will be released at a later time.

Saudi Arabia’s Outstanding ICT Development

The development of Saudi Arabia’s information and communications technology sector is consistent with the objectives of its Vision 2030. The Kingdom’s ICT market reportedly hit a significant SR154 billion ($40.9 billion) in 2022, according to data made public by the CSTC.

The ICT sector in Saudi Arabia experienced numerous advancements in the same year. This included registering 600 companies for the first international spectrum auction, which sought to provide internet services throughout the airspace, with potential investment prospects of up to SR1 billion.

Additionally, as a result of the commission’s regulatory reforms, the number of ICT enterprises listed in the financial market reached 11, showcasing a 350 percent growth rate when compared to 2021.

CONCLUSION

The next Digital Technology Forum in Riyadh, Saudi Arabia, is an important step in the Kingdom’s march toward digital transformation, to sum up. On October 18, this symposium will bring together regional and international specialists to examine recent developments and predicted trends in the software industry, in line with Saudi Arabia’s Vision 2030 plan.

The conference’s subject, “Pioneering Software for a Prosperous Digital Economy,” emphasizes the role that software plays in determining the character of the country’s digital environment. It also emphasizes ways to make Saudi Arabia’s digital infrastructure more effective and take advantage of opportunities in the software market.